Vanguard U.S. Momentum Factor ETF
ALTAR
Score™
0.7% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
63.1x P/Sales
ratio
2.3x
P/BV
ratio
5.9x Div.
yield
0.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Fund seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard
Website www.vangaurd.com
Inception date Feb 13, 2018
Assets (mns) $61
Currency USD
Expense ratio 13 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 663
Wgt avg mkt cap (mns) $119,607
Large cap (>$10bn) 55.2%
Mid cap ($2-10bn) 22.0%
Small cap (<$2bn) 21.0%
Developed mkts 98.8%
Emerging mkts 1.2%

TOP TEN HOLDINGS
SQUARE, INC. CLASS A 1.6 %
NVIDIA CORP 1.5 %
TESLA MOTORS INC 1.5 %
APPLE INC 1.5 %
ADVANCED MICRO DEVICES 1.4 %
MERCADOLIBRE INC 1.4 %
SPOTIFY TECHNOLOGY SA 1.2 %
REGENERON PHARMACEUTICALS 1.2 %
PAYPAL HOLDINGS INC 1.2 %
AMAZON.COM INC 1.1 %
Total 13.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.2 %
LUXEMBOURG 1.4 %
ARGENTINA 1.4 %
IRELAND 0.5 %
BERMUDA 0.5 %
CANADA 0.3 %
BRITAIN 0.2 %
ISRAEL 0.2 %
PUERTO RICO 0.1 %
BRAZIL 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
10.5% 18.5% -- -- 9.4%

Market Correlations
versus... Beta R-squared
S&P500 1.07 87%
MSCI EAFE 1.07 71%
MSCI Emg. Mkts. 0.78 58%

Technical Indicators
Recent close $97.73
30d moving avg. $96.94
Annualized volatility 21.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 6
Turnover 1.0%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $197,633

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vanguard U.S. Momentum Factor ETF ETF based on the alternatives' overlap in portfolio holdings with VFMO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VFMO Expense: 13 bp ALTAR Score™: 0.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VFMO
Ticker Fund
Name
Overlap1
vs VFMO
(%)
Expense
ratio
(bp)
Savings
vs VFMO
(bp)
ALTAR
Score™
(%)
ALTAR
vs VFMO
(%)
FAD First Trust Multi Cap Growth AlphaDEX Fund 43.6 66 -53 2.3 +1.6
JMOM JPMorgan U.S. Momentum Factor ETF 37.5 12 1 3.3 +2.6
FTC First Trust Large Cap Growth AlphaDEX Fund 31.6 61 -48 2.7 +2.0
MTUM iShares MSCI USA Momentum Factor ETF 29.5 15 -2 4.1 +3.4
FDMO Fidelity Momentum Factor ETF 29.3 29 -16 3.2 +2.5
ESGV Vanguard ESG U.S. Stock ETF 29.0 12 1 4.9 +4.2
TUSA First Trust Total US Market AlphaDEX ETF 28.9 70 -57 5.6 +4.9
VXF Vanguard Extended Market Index Fund 28.4 6 7 3.5 +2.8
IWF iShares Russell 1000 Growth ETF 28.4 19 -6 3.7 +3.0
VONG Vanguard Russell 1000 Growth Index Fund 28.1 8 5 3.8 +3.1
VFMF Vanguard U.S. Multifactor ETF 26.6 19 -6 7.2 +6.5
SCHG Schwab U.S. Large-Cap Growth ETF 26.5 4 9 3.4 +2.7
QGRO American Century STOXX U.S. Quality Growth ETF 26.4 29 -16 3.7 +3.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 26.3 21 -8 3.1 +2.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 26.1 12 1 4.6 +3.9
VTHR Vanguard Russell 3000 Index Fund 26.0 10 3 4.9 +4.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 25.9 30 -17 6.5 +5.8
SFY SoFi Select 500 ETF 25.9 0 13 5.0 +4.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 25.8 29 -16 5.9 +5.2
IWV iShares Russell 3000 ETF 25.7 20 -7 4.8 +4.1
SCHB Schwab U.S. Broad Market ETF 25.6 3 10 5.0 +4.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 25.6 3 10 4.9 +4.2
FEX First Trust Large Cap Core AlphaDEX Fund 25.6 60 -47 5.8 +5.1
AIEQ AI Powered Equity ETF 25.3 87 -74 2.7 +2.0
SPMO Invesco S&P 500 Momentum ETF 25.1 13 0 3.9 +3.2
VUG Vanguard Growth Index Fund 24.9 4 9 3.8 +3.1
VTI Vanguard Total Stock Market Index Fund 24.9 3 10 4.9 +4.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 24.7 6 7 5.0 +4.3
IWB iShares Russell 1000 ETF 24.7 15 -2 4.9 +4.2
IYY iShares Dow Jones U.S. ETF 24.6 20 -7 4.9 +4.2
AVUS Avantis U.S. Equity ETF 24.4 15 -2 5.5 +4.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 24.4 75 -62 3.8 +3.1
SCHK Schwab 1000 Index ETF 24.3 5 8 5.1 +4.4
VONE Vanguard Russell 1000 ETF 24.3 8 5 5.0 +4.3
EXT WisdomTree U.S. Total Earnings Fund 24.2 28 -15 5.4 +4.7
SCHX Schwab U.S. Large-Cap ETF 24.2 3 10 5.0 +4.3
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 24.0 17 -4 4.7 +4.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 23.8 9 4 5.4 +4.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 23.8 25 -12 6.2 +5.5
JHML John Hancock Multifactor Large Cap ETF 23.8 29 -16 5.4 +4.7
VFQY Vanguard U.S. Quality Factor ETF 23.6 13 0 6.3 +5.6
PBUS Invesco PureBeta MSCI USA ETF 23.5 4 9 5.1 +4.4
VB Vanguard Small-Cap ETF 23.4 5 8 5.2 +4.5
IUSG iShares Core S&P US Growth ETF 23.4 4 9 4.3 +3.6
PDP Invesco DWA Momentum ETF 23.2 62 -49 2.3 +1.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 23.0 60 -47 4.0 +3.3
IETC iShares Evolved U.S. Technology ETF 22.9 18 -5 3.7 +3.0
SCHA Schwab U.S. Small-Cap ETF 22.8 4 9 4.7 +4.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 22.7 2 11 5.1 +4.4
VV Vanguard Large-Cap Index Fund 22.6 4 9 5.1 +4.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 22.5 7 6 5.1 +4.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 22.1 35 -22 5.6 +4.9
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 22.1 35 -22 5.6 +4.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 22.1 65 -52 2.9 +2.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 22.0 24 -11 6.4 +5.7
IGM iShares Expanded Tech Sector ETF 22.0 46 -33 3.7 +3.0
IWM iShares Russell 2000 ETF 21.9 19 -6 3.3 +2.6
MXDU Nationwide Maximum Diversification US Core Equity ETF 21.9 34 -21 4.6 +3.9
VEGN US Vegan Climate ETF 21.9 60 -47 5.0 +4.3
SPTM SPDR Portfolio Total Stock Market ETF 21.8 3 10 5.4 +4.7
VTWO Vanguard Russell 2000 Index Fund 21.8 10 3 3.5 +2.8
ESGU iShares MSCI USA ESG Optimized ETF 21.7 15 -2 4.9 +4.2
BFOR Barron's 400 ETF 21.7 65 -52 6.4 +5.7
VOOG Vanguard S&P 500 Growth ETF 21.6 10 3 4.2 +3.5
TECB iShares US Tech Breakthrough Multisector ETF 21.5 40 -27 4.0 +3.3
IVW iShares S&P 500 Growth ETF 21.5 18 -5 16.9 +16.2
SPYG SPDR Portfolio S&P 500 Growth ETF 21.5 4 9 4.3 +3.6
IQSU IQ Candriam ESG US Equity ETF 21.5 9 4 5.0 +4.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 21.5 39 -26 4.5 +3.8
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 21.5 20 -7 4.8 +4.1
ONEO SPDR Russell 1000 Momentum Focus ETF 21.4 20 -7 6.3 +5.6
IWP iShares Russell Mid-Cap Growth ETF 21.4 24 -11 2.9 +2.2
IWO iShares Russell 2000 Growth ETF 21.4 24 -11 -0.1 -0.8
AFLG First Trust Active Factor Large Cap ETF 21.4 55 -42 5.3 +4.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 21.3 59 -46 4.2 +3.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 21.3 35 -22 4.5 +3.8
SIZE iShares MSCI USA Size Factor ETF 21.2 15 -2 6.0 +5.3
USXF iShares ESG Advanced MSCI USA ETF 21.0 10 3 4.8 +4.1
RPG Invesco S&P 500 Pure Growth ETF 20.9 35 -22 4.4 +3.7
SLT Salt TruBeta High Exposure ETF 20.8 60 -47 3.3 +2.6
ROUS Hartford Multifactor US Equity ETF 20.8 19 -6 6.4 +5.7
HSPX Global X S&P 500 Covered Call ETF 20.8 60 -47 4.8 +4.1
EUSA iShares MSCI USA Equal Weighted ETF 20.7 15 -2 6.0 +5.3
VBK Vanguard Small-Cap Growth Index Fund 20.7 7 6 2.2 +1.5
VTWG Vanguard Russell 2000 Growth Index Fund 20.5 15 -2 0.1 -0.6
PBP Invesco S&P 500 BuyWrite ETF 20.5 49 -36 4.8 +4.1
XYLG Global X S&P 500 Covered Call & Growth ETF 20.4 60 -47 4.9 +4.2
IWL iShares Russell Top 200 ETF 20.4 15 -2 4.8 +4.1
SPXE ProShares S&P 500 Ex-Energy ETF 20.4 27 -14 5.1 +4.4
SPY SPDR S&P 500 ETF Trust 20.3 9 4 5.2 +4.5
IVV iShares Core S&P 500 ETF 20.3 3 10 5.2 +4.5
SPLG SPDR Portfolio Large Cap ETF 20.3 3 10 5.2 +4.5
USMF WisdomTree U.S. Multifactor Fund 20.3 28 -15 5.8 +5.1
MGK Vanguard Mega Cap Growth ETF 20.3 7 6 4.0 +3.3
IWY iShares Russell Top 200 Growth ETF 20.3 20 -7 3.8 +3.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 20.3 20 -7 5.2 +4.5
VOO VANGUARD S&P 500 ETF 20.1 3 10 5.3 +4.6
QYLD Global X NASDAQ 100 Covered Call ETF 20.1 60 -47 3.4 +2.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 20.1 9 4 5.9 +5.2
FSMD Fidelity Small-Mid Factor ETF 20.1 29 -16 6.2 +5.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Vanguard U.S. Momentum Factor ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 4.5 %
Divided by: Fwd. P/BV 5.4 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 0.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.